Share via

If backers of a DIY-style, “power to the people” campaign to free Greece from the yoke of debt were hoping for a round of applause from the experts yesterday, they were sadly disappointed. Greek bond yields leapt amid unease that Athens will fail to find the cash to meet a key debt repayment next month.

No matter that businesses, none more popular than Olympiacos, one of the country’s biggest football clubs, have signed up to the Greece Debt Free campaign, the markets’ verdict was unequivocal. The yields on Greece’s benchmark ten-year bonds, a proxy of its creditworthiness and a signal